Alibaba ups IPO price range, could raise $25b
The Alibaba Group IPO will now be worth up to $25 billion after the Chinese e-commerce giant raised the indicative price range for the offering. It is now all but certain to supplant Agricultural Bank of China (ABC) as the largest IPO ever seen.
The company will sell 320.1 American Depositary Share (ADS) at $66-68 apiece, having originally set a range of $60-66. By pricing at the top end of the range, Alibaba would raise $21.8 billion - just short...
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